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Ensuring Better Interest Treatment and Deductibility Act (EBITDA)
To amend the Internal Revenue Code of 1986 to repeal the modification of the definition of adjusted taxable income for purposes of the limitation on business interest.
Summary
This bill modifies the federal tax code to repeal a recent modification to how "adjusted taxable income" is defined for purposes of limiting business interest deductions. The change would take effect for taxable years beginning after December 31, 2025. By repealing this modification, the bill reverses a prior change to the rules governing how much business interest expenses companies can deduct from their taxable income.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
8 cosponsors
- Sen. Blackburn, Marsha [R-TN] (R-TN)
- Sen. Boozman, John [R-AR] (R-AR)
- Sen. Cornyn, John [R-TX] (R-TX)
- Sen. Cruz, Ted [R-TX] (R-TX)
- Sen. Husted, Jon [R-OH] (R-OH)
- Sen. Hyde-Smith, Cindy [R-MS] (R-MS)
- Sen. McCormick, David [R-PA] (R-PA)
- Sen. Moran, Jerry [R-KS] (R-KS)
Actions (2)
- Mar 26, 2026 Read twice and referred to the Committee on Finance. · senate
- Mar 26, 2026 Introduced in Senate
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Full text
IN THE SENATE OF THE UNITED STATES
March 26, 2026
Mrs. Capito (for herself, Mr. Cornyn, Mrs. Blackburn, and Mr. Husted) introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
To amend the Internal Revenue Code of 1986 to repeal the modification of the definition of adjusted taxable income for purposes of the limitation on business interest.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Ensuring Better Interest Treatment and Deductibility Act (EBITDA)”.
SEC. 2. REPEAL OF MODIFICATION TO DEFINITION OF ADJUSTED TAXABLE INCOME FOR PURPOSES OF THE LIMITATION ON BUSINESS INTEREST.
(a) In General.—Section 163(j)(8)(A) of the Internal Revenue Code of 1986, as amended by Public Law 119-21, is amended by inserting “and” at the end of clause (iv) and by striking clause (vi).
(b) Effective Date.—The amendments made by this section shall apply to taxable years beginning after December 31, 2025. <all>
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